Farm property class tax rate program
Learn how to minimize your property tax through the Farm property class tax rate program.
The Farm property class tax rate program (Farm tax program) is one of the ways the province of Ontario supports agriculture. Through the program, eligible farmland owners receive a reduced property tax rate.
As an eligible applicant under the program:
Land and buildings used for residential purposes will be taxed at your municipality's residential tax rate.
The remainder of the farmland on the property will be taxed at no more than 25% of the residential tax rate.
Farm properties that do not qualify under the program will be taxed at the residential rate.
Eligibility
As a farmland owner in Ontario, you may be eligible to apply for a property tax reduction through the Farm property class tax rate program.
Eligibility requirements include:
the Municipal Property Assessment Corporation (MPAC) has assessed your property as farmland
your property is used for a farm business
the farm business on your property has a valid Farm Business Registration (FBR) number
the property is owned by Canadian citizens or permanent residents
Visit the Agricorp website to find more information about if your farm property is eligible.